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    Gold as Australia’s number two export: project pipeline signals for mine planners

    July 6, 2026|

    Reviewed by Joe Ashwell

    Gold as Australia’s number two export: project pipeline signals for mine planners

    First reported on Australian Mining

    30 Second Briefing

    Gold has become Australia’s second-largest resource export for the first time in more than 60 years, with the June 2026 Resources and Energy Quarterly reporting $68.4 billion in gold export earnings for 2025–26. The shift pushes gold ahead of long‑standing contenders such as thermal coal and alumina, driven by high US‑dollar prices and steady output from major operations in Western Australia’s Goldfields and the Pilbara. For miners and project developers, the data strengthens the case for brownfield expansions, higher‑grade underground developments and accelerated approvals for new processing capacity.

    Technical Brief

    • June 2026 Resources and Energy Quarterly is the primary dataset underpinning current gold export valuations.
    • Department of Industry, Science and Resources compiled the export figures and forward estimates for 2025–26.
    • Reporting cadence in the Quarterly allows mine planners to benchmark project cashflows against updated macro price decks.
    • For similar commodities, alignment of mine plans with Resources and Energy Quarterly scenarios can de‑risk financing discussions.

    Our Take

    With Australian gold export earnings forecast at $68.4 billion in 2025–26, states like Victoria targeting one million ounces per year by 2035 (as covered in our Victorian gold strategy piece) are likely positioning themselves to capture a larger share of this revenue rather than just chasing exploration success.

    Gold is one of the most frequently covered commodities in our mining database, and its move into Australia’s number two export slot will sharpen competition for rail and port capacity currently dominated by iron ore and coal, as highlighted in recent coverage of heavy-haul rail expansions for bulk commodities.

    The Department of Industry, Science and Resources’ projections for gold sit alongside policy pushes on critical minerals in our coverage, suggesting gold-rich jurisdictions may increasingly bundle gold with antimony and other critical minerals in investment pitches to diversify away from single-commodity risk.

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    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

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